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Robust demand for high-quality abrasives to augment potassium tetrafluoroborate market share by 2025
potassium tetrafluoroborate market
Escalating usage of abrasives across diverse industry verticals such as metal fabrication, automotive and electronics will have a positive influence on potassium tetrafluoroborate market outlook. The chemical substance is mainly used as a filler in the making of abrasive materials for thermosetting resin grinding wheels. These materials play a crucial role in magnesium and aluminum metal casting.
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Potassium tetrafluoroborate also finds application as an active filler for resin-bonded abrasives and is used for refining, processing and extraction of metals in the chemical sector. It is regarded as a good additive in the welding agent and alloying industry. The material’s solubility feature makes it a vital fluxing agent for soldering and brazing. Potassium fluoroborate is slightly soluble in hot ethyl alcohol as well as water, and insoluble in cold ethyl alcohol.
Proliferating demand for different chemicals such as boron trifluoride across chemical industries could broaden the business perspective for potassium fluoroborate manufacturers. For the record, boron trifluoride is used in petrochemical, pharmaceutical and agrochemical industries. Considering these aspects, Global Market Insights, Inc., predicts that the potassium tetrafluoroborate market might touch USD 340 million by the year 2025.
In terms of purity, the potassium tetrafluoroborate market is mainly divided into 98% and 99% purity. Out of these, the 98% purity segment is expected to record noteworthy growth, and is forecasted to be valued at around USD 225 million over the predicted timeframe. This growth can be attributed to the increasing consumption of aluminum metal in multiple industry verticals like construction, automotive, aerospace, and electronics owing to its remarkable lightweight features.
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Potassium tetrafluoroborate is used as a raw material in the production of titanium, boron and aluminum alloys. The high purity and ultra-high purity compositions support in enhancing both usefulness and optical quality as scientific standards. Additionally, tetrafluoroborates are immediately available in heavy volumes.
On the basis of regional outlook, North America is considered to be a strong market for the potassium tetrafluoroborate businesses. The industry is primarily driven by countries like the United States and Canada. Estimates suggest that the potassium tetrafluoroborate market of North America could register more than 3.5% growth by 2025. Surging adoption of different abrasives that are utilized in metal fabrication equipment could boost the regional industry size.
Meanwhile, Europe potassium tetrafluoroborate market is expected to collate a valuation of over USD 65 million by the end of 2025. Countries like Germany, France, UK, and Italy hold a major share in the market. Rapid growth in the automotive sector backed by increasing adoption of lightweight passenger vehicles could play a crucial role in stimulating the demand for aluminum motor parts that use potassium fluoroborate.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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